All Forum Posts by: Alexander Parada

@Kishun Barker

If you would have asked this question before covid hit you would have people insulting you lol for asking such a question. But right now investors finally understand the all cash investors a bit more these days.

Living here in California I see local investors using their leverage having 4-6 properties and having a non paying tenant for the past six months hurts the pockets a bit. I know it all varies from state to state with evictions and all. But its all about how much debt you can tolerate when things go south? Wether its repairing the house or kicking someone out, going to court and etc...

I can see both sides but if Im only getting $100- $200 monthly cash flow and must work the next 30 years managing this prop it better be worth it. I like all cash because its a safer bet and its not always about scaling getting 5 vs 1. Its what ever you are comfortable with.

Whats up guys my name is Alex I build, flip and hold some single families in Houston, TX. Living in California is great to build and flip when times are certain and rolling. I have been pivoting towards multi family as This is my long term play.

Who is in the Los Angeles area that invest out of state on Multi family apartments? Lets connect and pick each others brains about multi fam investing. Im currently looking in Texas. Looking to acquire 14 + Units to get things moving along.

A bit about my self also I own a flooring and construction company in Los Angeles and Houston Texas. Been in the housing / construction industry my whole life.

Looking to start searching for some land / exiting home to tear down and build 6 -9 units in the Los Angeles area. I build homes and now going to build apartments for the next 2-4 Years. If anyone is interested in brain storming / teaming up in the Los Angeles area lets connect. Im currently living in San Fernando Valley.

Whats up guys,

I want to hear some cash flow case studies. What you buy for ? How much down and what is your monthly cash flow?

Im getting ready to make an offer on a apartment building. And I wanted to hear what you guys are currently getting right now on re deals. Moatly curious to hear about Houston, Dallas, San Antonio, Nashville, Memphis any city please share your experience and #’s.

$7,000,0000 Apartment Building one in Houston other in North Carolina. Deciding between both they both have similar numbers. 55-65 Units both C properties.

Alright guys Me and some colleagues are going in on a Multi fam unit. Its four of us and we have came up with the 25% Down Payment to purchase this prop. At $1,750,000 Down Payment lets say on this prop which has a 7% Cap. What would an acceptable noi at the end of year given the down payment you are investing with. I have read a cash on cash return from 10-14% is what everyone seems to be aiming for. But just wanted fo pick your brains on this one. Thanks in advance for the help / suggestions.

I know I can always look for value adds and things of that nature but I want to know what is the standard return you seasoned investors are seeking for.

Hello Guys ,

Looking to acquire a multi Fam property in the Houston / Dallas / San Antonio area. I currently have several sfr props in Texas so would like to stay in the same growing state.

I live in Los Angeles looking for a product 3M-4M value add apartment. If anyone knows of a great broker to connect me with that would be awesome! I have looked at some deals on Loop Net, however want to connect with a seasoned veteran who can assure me I’m picking up a good deal while assisting with the purchase.

I appreciate any input and thanks in advance! I’m also open to TN,

Looking for a Cash Flow prop I know Texas has high prop taxes but something needs to be out there.

@Cody L. Whats up Cody looking for the best performing multi fam can be a C class or B I can get my hands on price point 1.5 - 2.5 M . I have a flooring business in Katy , TX and very familiar with the 610 area. Last time we spoke you said you foubd your fair share of deals on loopnet is that still the case? Pretty much looking for the best cash flow product I can get my hands on.

Hello, guys narrowing down some apartments to invest in by the end of this year. Wondering if you can share what you guys, 1. Cash Flow 2. Bought prop for 3. How much do you make per door 4. How many units do you have and which city do you stick with? I have been looking at Memphis & Nashville. currently all my single families are in Houston which property tax % making flee the scene. Thanks in advance just trying to see what type of returns are feasible to obtain.

@Ted Davis We have a flooring store in The Houston area check us out. I flip in Houston and Los Angeles in Houston 350k + = Hardwood Floors. you do not want a million dollar move with a ten cent finish. Glamour Flooring 920 S Mason Katy TX 77450

@Cody L. Whats up Cody, Thats exactly the type of Deal I’m striving to get. What city is that deal in and also mind sharing how you get these deals know a realtor / broker to refer? I have a flooring business in Houston. So Im familiar with the Texas market.